💰 9 States With No Income Tax (AARP Article)

SummerOnTheWay1 — Sat, 08 Feb 2025 06:00:01 GMT

FROM THE ARTICLE: Paychecks and retirement income escape state taxes if you live here.

There are plenty of strategies to lower your tax bill, including contributing to retirement accounts, leveraging tax credits and maximizing itemized deductions. Or, if you’re really committed to paying less in taxes, you could move.

In nine states, income isn’t taxed — allowing residents to hold onto more of their hard-earned dollars. For retirees, this means that pension payouts, retirement account withdrawals and Social Security benefits aren’t subject to state taxes.

By Cameron Huddleston, AARP.

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Published January 09, 2025.

USE LINK BELOW TO READ ARTICLE: https://www.aarp.org/money/taxes/states-without-an-income-tax/

Re: 💰 9 States With No Income Tax (AARP Article)

BalbonisMoleskine — Thu, 13 Feb 2025 17:30:32 GMT

If a state doesn't have an income tax, you'll still end up paying via property taxes, sales taxes or both. I know people who moved to states with no income tax and wound up paying even more due to high property and sales taxes.

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💰 9 States With No Income Tax (AARP Article)

Re: 💰 9 States With No Income Tax (AARP Article)